Canada is now up to 16.3 million shots given -- which is 88.9% of the total 18.3 million doses available. Over the past 7 days, 3,202,370 doses have been delivered to provinces.
And so far 1.3 million are fully vaccinated with two shots.
Canada's pace of vaccination:
Today's 340,600 shots given compares to an average of 315,238/day over the past week and 249,101/day the week prior.
- Pace req'd for 2 doses to 75% of Canadians by Sept 30: 284,992
- At current avg pace, we reach 75% by Sep 16
Based on the share of people with 1 or more doses (a weaker threshold), at Canada's current pace we reach 50% by May 23 and 75% by June 24. We reach 75% of *adults only* (age 16+) by June 7.
Gray lines are past projections. This illustrates the extent of recent changes.
Recent modeling suggests health rules may be safely eased once 75% of adults have at least one dose and 20% have two canada.ca/content/dam/ph…
This requires ~30M shots. We're on pace for that by June 22.
But deliveries are accelerating. If shots keep up, could be early-June
Turning to individual provinces, here's total shots given and share of delivered doses used.
- Most shots given: YT at 119 doses per 100 people
- Fewest: NS at 37
- Highest share of delivered doses used: SK with 97%
- Lowest: NU with 66%
A more detailed look at provs/terrs:
- Highest overall: YT at 63% receiving at least one shot
- Most 1st doses only: QC at 40% receiving that shot
- Most Fully Vaccinated: YT at 55%
- Fewest Vaccinated: PE at 31%
How does Canada compare to others? Currently, Canada ranks 7th out of 37 OECD countries in terms of the share of the population that is at least partially vaccinated. In terms of total doses per 100, Canada is 7th.
At Canada's latest 7-day avg daily pace, the share of people w/ 1 or more doses rises by 0.78% per day. The US rises by 0.23% per day.
- Projected out, we reach 75% 81 days before the US.
- We match the US share in 12 days.
- Reaching the current US share takes 8 days.
But that's 1+ doses, here's a comparison of daily shots given per 100 people. In Canada, this rises by 0.83 per day. The US rises by 0.64 per day.
- Projected out, we reach 100 doses 36 days after the US.
- Reaching the current US rate takes 43 days.
Finally, here's a selection across several metrics/groups of how Canada ranks globally. Pick your preferred measure!
That's it... but if you're hungry for more, I've thrown together a collection of international projections and comparisons to Canada (and more) at trevortombe.github.io/covidgraphs/in…
The couple weeks will be big, and soon we'll see the second dose rates accelerate rapidly too! 💉
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Today's data: inflation rate falls to 2.7% in April. Would have fallen more, but gasoline pushed the rate up. Shelter remains largest contributor, but pace of increase is falling.
The key Bank of Canada core measures of inflation have also remained within the target range -- lower than 2% -- over the past 3 months. This is what the bank is looking forward before lowering rates.
Here are the contributors to the drop. Most items down, but energy prices offset some of that.
This accounts for *changes* in the CPI annual rate of increase. Alternatively, had energy prices remained flat yoy, then CPI growth would have been 2.4% in April.
Today's data: inflation! 🥳 Prices were 2.9%, on average, higher in January than a year earlier. Inflation down from 3.4% in Dec. Biggest contributors to the drop were energy, food, travel. Cell phones offsetting some.
Looking at the headline rate, shelter is larger contributor. Rent accounts for ~0.5 points of the 2.9, mortgage interest costs ~1.0 points.
Important: note the strong decline in the pace of grocery price growth. Now in line with historical norm.
The decline in inflation has also been fairly broad based, with now fewer than half of items seeing a pace of price growth above 3% -- although still a larger share than normal, which is ~0.3-0.4.
This is higher than last month, true, but it doesn't mean the inflation situation is worsening. I noted this yesterday, saying 3.4% was the number to watch.
This is a *very* important point to keep in mind for the next *several* months. Even if things are completely normal month-by-month, the headline rate won't fall much over the next quarter.
As expected, inflation fell in October. A lot. From 3.8% in September to 3.1% in October. And monthly, adjusted for seasonality, prices were lower in October than Sept.
A big part of the reason is from lower gasoline prices. That's anticipated because oil prices were down. There's a tight connection between energy's contribution to CPI and oil prices (obviously). This has been a consistent story over the past two years.
You can see the size of the contribution from energy to the change in inflation since September here 👇 . Basically everything else was a net wash.
Some Alberta Pension Plan proponents are concerned about Albertans paying more in contributions than they receive in benefits. Is this "overcontribution" legitimate? If so, does it imply the CPP is unfair? Would an APP solve it?
Allow me to explain. 🧵🤓 #cdnpoli #ableg #cdnecon
The Government of Alberta regularly cites $60 billion in excess contributions over what has been received in benefits. The report commissioned by the government includes this figure. Red is Alberta. Positive means contributions > benefits. 👇
The data are accurate. You don't even need an actuary. Statistics Canada reports this annually. Total contributions from 1966-2021 amount to approximately $60 billion. Adjusting for inflation provides a clearer perspective.
The GST adds 5% to the cost of purchasing a good or service subject to this tax. Not all items are subject to it, though. I (roughly) estimate that, overall, the GST adds an average of 2.3% for consumer expenditures as a whole. (From here: )www150.statcan.gc.ca/t1/tbl1/en/tv.…
So, eliminating the GST would drop the CPI by 2.3%. Since the latest inflation reading is 3.8%, that would leave us at 1.5% (assuming nothing else changed). And 1.5% is 61% lower than 3.8%.